Historic Trends Support Ongoing Stock Rally, Indicating Upside Potential
As November draws to a close, Wall Street is set to wrap up the month on a robust note, with stock indices eyeing new highs as the year concludes.
As November draws to a close, Wall Street is set to wrap up the month on a robust note, with stock indices eyeing new highs as the year concludes.
The S&P500 index has climbed 8.7% in November so far, on track for its strongest monthly showing since July 2022. It is up 19% in 2023.
The upcoming Nvidia earnings report is poised to be a pivotal event, drawing the attention of investors eager to assess the sustainability of the November rally as the year approaches its end.
Major US stock indices are poised for their third consecutive week of gains, with the S&P 500 and Nasdaq registering over 2% increases by Thursday's close, and the Dow expected to climb by 1.9%.
The strong start to November undergoes a crucial assessment this week as market participants analyse October's inflation data. This information is pivotal for gaining insight into the Federal...
Consensus widely expects Fed cuts and solid consumer spending to allow the U.S. economy to glide down for a soft landing. However, Fed Chairman Jerome Powell said Thursday that policymakers are...
The October labour market report, revealing signs of a decelerating labour sector, carries potential to impact the Federal Reserve's stance on monetary policy. The recent data release is amplifying...
In the wake of the Federal Reserve's recent decision to maintain interest rates, the stock market has exhibited significant bullish momentum. This comes as the Fed not only kept rates unchanged but...
The financial world is poised for a pivotal week, with three significant events on the horizon that could have far-reaching implications for investors. The FOMC meeting and the release of the October...
The Nasdaq Composite dropped deeper into correction territory on Thursday after many large tech firms did not quite live up to investors’ expectations.